First-refusal rights alter Homestake, Esso deal
Homestake Mining (Canada) Ltd. should soon know which holdings it is likely to end up with from the remaining property assets of Esso Minerals Canada. Earlier this year, Homestake made a $29-million b…
Articles by Northern Miner Staff
Earnings Report (June 12, 1989)
Aur Resources (TSE) reported earnings for the 6-month period ended Mar 31 of $1.1 million or 6.4 cents per share. In the same period last year the company reported earnings of $1.4 million or 9.2 cen…
Partners consider going underground at Little Stull Lake
An underground exploration program is being considered by partners Westmin Resources (TSE), Tanqueray Resources (VSE) and Estaurum Mines (ASE) for the Little Stull Lake gold project in Manitoba. A dec…
Australian companies in deal Control of Cinola changes hands
The large scale Cinola gold project located in the Queen Charlotte Islands of British Columbia is falling increasingly into the hands of Barrack Mines Limited of Australia. Barrack is a diversified mi…
IOCC GOLD OPTIONS (June 12, 1989)
Options Open Series Volume Last Interest Aug 370 C 168 12.00 514 Aug 380 C 240 8.50 1,060 Aug 400 C 110 3.50 2,555 Aug 420 C 1,380 …
B.Y.G acquires 100% of Mt. Nansen
B.Y.G. Natural Resources (VSE) has increased its ownership in the Mt. Nansen gold-silver property to a full 100% interest. The company acquired a further 31% in the Yukon project from Chevron Minerals…
Metal Prices (June 12, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 6 June 5 June 2 June 1 May 31 Copper 1565…
Editorial U.S. Mining Act is best left alone
The United States Congress is coming dangerously close to trashing its 117-year-old Mining Act and replacing it with something that is bound to paralyze the mineral exploration industry for the next d…
Cameco to drill Hanson Lake
A large follow- up drilling program has been recommended for the Hanson Lake project of Cameco and Trimin Resources (VSE), 40 miles southwest of Flin Flon, Man. Besides testing the strike and depth ex…
Editorial No news here
Anything to do with PCBs is news, right? Toxic polychlorinated biphenyls mean trouble no matter where you find them. And, if you believe everything you read, PCBs usually mean guilty industry offender…
Letters to the Editor Mines make use of rock mechanic engineers
Your editorial headlined “Rock Mechanics Research Should Be Put to Use” begs for a response (N.M., May 15/89). It is unfair and incorrect to categorically “observe” that industry is not using the best…
Placer Dome signs deal with Golden Crescent
Golden Crescent Resources (ASE) and Placer Dome (TSE) have completed a deal that gives Golden Crescent the right to earn a 49% interest in 26 of Placer Dome’s properties in Ontario. Golden Crescent ca…